How To Fix FR894 - No accounting principle assigned to valuation area &1

FR894 - Overview

• Message type: E = Error

• Message class: FR - Messages for FI Reporting

• Message number: 894

• Message text: No accounting principle assigned to valuation area &1

What causes this issue?

In Customizing, the valuation area is not assigned to an accounting
principle. You can use the accounting principle to define the general
ledgers in which posting takes place.

System Response

Error message

How to fix this error?

Assign the valuation area to an accounting principle.

Procedure for System Administrators

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

FR894 - Details

• The SAP error message FR894 "No accounting principle assigned to valuation area &1" typically occurs in the context of financial accounting and controlling when there is a missing configuration related to accounting principles in the system. Here’s a breakdown of the cause, potential solutions, and related information:
  
  Cause:
  
  Missing Configuration: The error indicates that there is no accounting principle assigned to the specified valuation area (e.g., a company code or a controlling area). This can happen if the configuration for the accounting principles has not been set up correctly in the system.
  Valuation Area Not Defined: The valuation area may not be defined properly in the system, or it may not be linked to the relevant accounting principles.
  Data Migration Issues: If data has been migrated from another system, there may be inconsistencies or missing entries in the configuration.
  
  
  Solution:
  
  
  Check Configuration:
  
  Go to the SAP Customizing Implementation Guide (SPRO).
  Navigate to Financial Accounting (New) > General Ledger